Decatur County Bank Mortgage Rates, Fees & Info
Decaturville, TNLEI: 254900S61OCEX8MXZI58
Tax ID: 62-0179380
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Mortgage Data
Review & Overview
Decatur County Bank is a smaller bank specializing in Home Purchase and Refi loans. Decatur County Bank has a high proportion of conventional loans. Their top two markets are Jackson and Brownsville .Decatur County Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
62Origination Dollar Volume (All Markets)
$8,580,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| JACKSON, TN (FHA|USDA|VA) | 34 | $5,880,000 | $172,941 | $0 | 0.00% |
| Outside of Metro Areas | 25 | $1,865,000 | $74,600 | $0 | 0.00% |
| Brownsville, TN (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 62 | $8,580,000 | $138,387 | $0 | 0.00% |
For 2019, Decatur County Bank's most frequently originated type of loan was Conventional, with 62 originations.
Loan Reason
For 2019, Decatur County Bank's most frequently cited loan purpose was Home Purchase, with 36 originations. The 2nd most popular reason was Refi, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 62 | $8,580,000 | $138,387 | $0 | 0.00% |
For 2019, Decatur County Bank's most frequently cited loan duration was Other, with 62 originations.
Loan Sizing
2019 saw Decatur County Bank place emphasis on $100,000 or less loans with 33 originations, totaling $1,725,000 in origination value.
Applicant Income
Decatur County Bank lent most frequently to those with incomes in the $50k or less range, with 11 originations. The second most popular income band? $50k-75k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 62 | $8,580,000 | $138,387 | $0 | 0.00% |
Decatur County Bank lent most frequently to those with DTI ratios of Exempt%, with 62 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.45%
Decatur County Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination98.39%
Decatur County Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 62 | $8,580,000 | $138,387 |